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After Yesterday's Rally of 1.59% Shares Could Potentially Pullback

By David Diaz

iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $124.16 to a high of $125.13. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $124.50 on volume of 10.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for iShares Barclays 20+ Year Treasury Bond Fund and will alert subscribers who have TLT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, iShares Barclays 20+ Year Treasury Bond Fund has traded in a range of $112.73 to $138.50 and is now at $124.72, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund

Ticker(s): TLT